Supplemental financial information

3 Months Ended

Mar. 31, 2026

Disclosure Text Block Supplement [Abstract]

Acquisition of Silicon Labs

As announced on February 4, 2026, we have entered into a definitive agreement to acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion. Under the terms of the agreement, Silicon Labs stockholders will receive $231.00 in cash for each share of Silicon Labs common stock they hold at the time of closing, which is currently expected in the first half of 2027, subject to receipt of regulatory approvals and other customary closing conditions, including approval by Silicon Labs stockholders. We expect to fund the transaction with a combination of cash on hand and debt financing to be arranged prior to closing. During the first quarter of 2026, we incurred $17 million of acquisition charges.


Prepaid expenses and other current assets
	March 31,		December 31,
	2026		2025
CHIPS Act incentives	$	1,404	$	1,709
Other	349		393
Total	$	1,753	$	2,102


Other long-term assets
	March 31,		December 31,
	2026		2025
CHIPS Act incentives	$	1,493	$	1,639

Other	1,012		1,017
Total	$	2,505	$	2,656

Details on amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income

Our Consolidated Statements of Comprehensive Income include items that have been recognized within net income during the first quarters of 2026 and 2025. The table below details where these transactions are recorded in our Consolidated Statements of Income.


	For Three Months Ended				Impact to Related Statement of Income Lines
	March 31,
	2026		2025
Net actuarial losses of defined benefit plans:
Recognized net actuarial losses (a)	$	—	$	3		Decrease (increase) to OI&E
Tax effect	—		(1)			(Decrease) increase to provision for income taxes
Recognized within net income, net of taxes	$	—	$	2		Decrease (increase) to net income

Prior service cost (credit) of defined benefit plans:
Amortization of prior service cost (credit) (a)	$	1	$	—		Decrease (increase) to OI&E
Tax effect	—		—			(Decrease) increase to provision for income taxes
Recognized within net income, net of taxes	$	1	$	—		Decrease (increase) to net income

(a)Detailed in Note 5

Effect on shares outstanding and treasury shares

The following table reflects the changes in treasury shares:


			2026
Balance, January 1			834
Repurchases			1
Shares issued for stock compensation			(4)
Balance, March 31			831